BNB has announced a shorter deadline on 31 December 2019 for settlement of transactions in government securities. BNB will accept settlement instructions until 14:45 local time instead of 16:45 local time. UniCredit Bulbank changes its settlement deadline for government securities on 31 December 2019 to S 13:45 local time instead of S 16:00 local time.
CDAD has also announced certain changes in its daily system schedule on 31 December 2019. In the last business day of 2019 the three against-payment settlement batches at CDAD will start at 10:30 (no change), 13:00 (instead of 12:30) and 15:10 (no change) local time, respectively, but the funding deadline for the third batch will be shortened to 14:00 local time instead of 14:30 local time. There will be no changes in UniCredit Bulbank’s cut-off times on 31 December 2019 for settlement of CDAD eligible securities.
Local time is CET+1 h.
Impact on investors: Investors should be aware of the shorter settlement deadlines for government securities with place of settlement BNB on 31 December 2019.